Buy sell volume
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Buy sell volume
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
Indicator displaying the volume based on a price to average correlation.
If the price is greater than the corresponding average, it is assumed that the state of the trend is "buy" and the volume used is the "buy" volume then. If the price is less than the corresponding average, it is assumed that the state of the trend is "sell" and the volume used is the "sell" volume then. You can chose to use tick volume or real volume.
For comparison of the buy/sell states, you can use one of the 4 types of averages:
simple moving average
exponential moving average
smoothed moving average
linear weighted moving average
Volume display for the "buy" volume and "sell" volume is smoothed using a kind of a "discontinued EMA" in order to make it more logical.
Alerts and multi time frames already included.
